Lincoln Financial Group said it received commitments for a $2 billion bank credit facility, which it intends to use to provide letters of credit in support of some of its life insurance reserves.

Lincoln Financial Group is selling Delaware Investments, its asset management unit, to an Australian firm for $428 million.

The Philadelphia, Pa.-based company is selling Delaware Management Holdings and its subsidiaries, Delaware …  Read →

Six life insurance companies, including Lincoln Financial and The Hartford, are among those about to receive billions of federal dollars through the U.S. Treasury‘s Troubled Asset Relief Program.

Funding will come …  Read →

To fight “a period of prolonged economic stress,” a Pennsylvania-based financial services firm is reorganizing its staff and taking other steps it hopes could trim up to $250 million from …  Read →